Altria Group (NYSE:MO) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, February 5th. The firm currently has a $71.45 target price on the stock. Vetr‘s price objective suggests a potential upside of 9.33% from the company’s previous close.
A number of other analysts also recently weighed in on MO. Berenberg Bank restated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. UBS Group decreased their price target on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and decreased their price target for the stock from $70.04 to $70.00 in a report on Friday, January 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 price target (down from $65.00) on shares of Altria Group in a report on Monday, February 5th. Finally, Wells Fargo & Co raised their target price on Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $73.66.
Shares of Altria Group (NYSE:MO) opened at $65.35 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79. The firm has a market capitalization of $122,181.40, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.87 and a beta of 0.53.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the prior year, the company earned $0.68 EPS. Altria Group’s revenue was down .4% compared to the same quarter last year. equities analysts anticipate that Altria Group will post 4 EPS for the current fiscal year.
Altria Group declared that its board has approved a stock buyback program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of Altria Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total transaction of $995,720.27. Following the transaction, the chief executive officer now owns 64,809 shares of the company’s stock, valued at approximately $4,315,631.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in MO. Solaris Asset Management LLC grew its position in shares of Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group purchased a new position in shares of Altria Group during the 2nd quarter valued at $109,000. Balentine LLC grew its position in shares of Altria Group by 32.4% during the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares in the last quarter. NewSquare Capital LLC grew its position in shares of Altria Group by 4,734.7% during the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after purchasing an additional 106,530 shares in the last quarter. Finally, Quantum Capital Management LLC NJ purchased a new position in shares of Altria Group during the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 62.61% of the company’s stock.
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Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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